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Tourmaline Oil (T:TOU) has notable insider buying

Updated Tuesday Apr 10, 2018 01:32 AM EDT

Tourmaline Oil Corp. (TOU) has a high amount of executive buying compared to its large-cap peers over the past three months.

Mike Rose, CEO, acquired 2,500 Common Shares on a direct ownership basis at a price of $22.417 through the public market on April 9th, 2018. This represents a $56,043 investment into the company's shares and an account share holdings change of 0.0%.

Tourmaline Oil is in the Oil & Gas Exploration and Production Sub Industry Group under the Energy Sector.

Tourmaline Oil Corp. is a Canada-based intermediate crude oil and natural gas exploration and production company. The Company is engaged in the acquisition, exploration, development and production of petroleum and natural gas properties. The Company is focused on exploration and acquisition program in the Western Canadian Sedimentary Basin. Its core areas include the Alberta Deep Basin, north east British Columbia (NEBC) Montney and Peace River High Regional Charlie Lake. It holds interests in 13 natural gas plants in the Alberta Deep Basin, 10 of which, the Wild River 14-20, the Hinton 6-32, the Minehead 15-12, the Anderson 1-9, the Musreau 8-13, the Edson 4-17, the Ansell 1-34, the Brazeau 15-36, the Oldman 10-24 and the Sundance 15-7 are owned and operated by the Company. The Peace River High in NEBC is focused on liquids rich natural gas in the Triassic Montney formation. It has drilled approximately 200 Montney multi-stage fracture-stimulated horizontal natural gas wells in NEBC.

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Go to Tourmaline Oil Corp. (TOU)'s company page

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